FATKX vs. LIWKX
FATKX (Fidelity Freedom 2020 Fund Class K6) and LIWKX (BlackRock LifePath Index 2065 Fund Class K) are both Target Retirement Date funds. Over the past 5 years, FATKX returned 5.68%/yr vs 9.94%/yr for LIWKX. Their correlation of 0.92 means they have usually moved in the same direction. FATKX charges 0.42%/yr vs 0.09%/yr for LIWKX.
Performance
FATKX vs. LIWKX - Performance Comparison
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Returns By Period
In the year-to-date period, FATKX achieves a 6.10% return, which is significantly lower than LIWKX's 11.46% return.
FATKX
- 1D
- 0.13%
- 1M
- -0.76%
- 6M
- 3.85%
- YTD
- 6.10%
- 1Y
- 12.89%
- 3Y*
- 12.35%
- 5Y*
- 5.68%
- 10Y*
- —
- ALL TIME*
- 7.45%
LIWKX
- 1D
- 0.30%
- 1M
- -0.24%
- 6M
- 7.50%
- YTD
- 11.46%
- 1Y
- 23.83%
- 3Y*
- 17.37%
- 5Y*
- 9.94%
- 10Y*
- —
- ALL TIME*
- 12.64%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FATKX vs. LIWKX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FATKX Fidelity Freedom 2020 Fund Class K6 | 6.10% | 15.14% | 11.68% | 13.16% | -15.93% | 9.13% | 13.79% | 4.07% |
LIWKX BlackRock LifePath Index 2065 Fund Class K | 11.46% | 21.71% | 14.22% | 21.64% | -18.33% | 18.87% | 15.47% | 5.73% |
Correlation
The correlation between FATKX and LIWKX is 0.95, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.95 |
Correlation (3Y) Balances recent behavior with more history. | 0.89 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.90 |
Correlation (All Time) Calculated using the full available price history since Oct 30, 2019 | 0.92 |
The correlation between FATKX and LIWKX has been stable across timeframes, ranging from 0.89 to 0.95 - a consistent structural relationship.
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Return for Risk
FATKX vs. LIWKX — Risk / Return Rank
FATKX
LIWKX
FATKX vs. LIWKX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom 2020 Fund Class K6 (FATKX) and BlackRock LifePath Index 2065 Fund Class K (LIWKX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FATKX | LIWKX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.30 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.35 | 2.36 | -0.02 |
| Martin ratioReturn relative to average drawdown | 9.53 | 9.92 | -0.39 |
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Drawdowns
FATKX vs. LIWKX - Drawdown Comparison
The maximum FATKX drawdown since its inception was -22.44%, smaller than the maximum LIWKX drawdown of -33.02%. Use the drawdown chart below to compare losses from any high point for FATKX and LIWKX.
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Drawdown Indicators
| FATKX | LIWKX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.44% | -33.02% | +10.58% |
Max Drawdown (1Y)Largest decline over 1 year | -5.48% | -9.54% | +4.06% |
Max Drawdown (3Y)Largest decline over 3 years | -7.30% | -17.14% | +9.84% |
Max Drawdown (5Y)Largest decline over 5 years | -22.44% | -26.41% | +3.97% |
Current DrawdownCurrent decline from peak | -1.50% | -1.55% | +0.05% |
Average DrawdownAverage peak-to-trough decline | -4.32% | -5.68% | +1.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.34% | 2.27% | -0.93% |
Volatility
FATKX vs. LIWKX - Volatility Comparison
The current volatility for Fidelity Freedom 2020 Fund Class K6 (FATKX) is 2.31%, while BlackRock LifePath Index 2065 Fund Class K (LIWKX) has a volatility of 3.92%. This indicates that FATKX experiences smaller price fluctuations and is considered to be less risky than LIWKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FATKX | LIWKX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.31% | 3.92% | -1.61% |
Volatility (6M)Calculated over the trailing 6-month period | 6.76% | 11.61% | -4.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.80% | 13.82% | -6.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.14% | 16.08% | -6.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.29% | 18.57% | -9.28% |
FATKX vs. LIWKX - Expense Ratio Comparison
FATKX has a 0.42% expense ratio, which is higher than LIWKX's 0.09% expense ratio.
Dividends
FATKX vs. LIWKX - Dividend Comparison
FATKX's dividend yield for the trailing twelve months is around 7.99%, more than LIWKX's 1.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FATKX Fidelity Freedom 2020 Fund Class K6 | 7.99% | 7.70% | 8.73% | 2.94% | 10.06% | 12.30% | 6.93% | 6.79% | 7.43% | 3.18% |
LIWKX BlackRock LifePath Index 2065 Fund Class K | 1.63% | 1.81% | 0.00% | 2.02% | 1.80% | 1.81% | 1.32% | 0.88% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.95, FATKX and LIWKX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
LIWKX has higher volatility (3.92%) compared to FATKX (2.31%). In terms of maximum drawdown, FATKX dropped -22.44% vs LIWKX's -33.02%.
FATKX currently has the higher Sharpe Ratio (1.65 vs 1.63), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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